Miba reports sales increasing as it invests in future technology

April 27, 2022

F Peter Mitterbauer, CEO of Miba comments on Miba’s financial results for the 201-2022 year (Courtesy Miba)
F Peter Mitterbauer, CEO of Miba comments on Miba’s financial results for the 201-2022 year (Courtesy Miba)

Miba AG, Laakirchen, Austria, has reported its results for the 2021/22 financial year, seeing annual sales increase by €80 million (9%) to €971 million – returning to the level seen before the start of the pandemic.

All business segments are reported to have grown, with the strongest growth, around 30%, achieved by the friction materials segment, which at €220 million contributes almost 25% to Miba’s total sales. Miba’s Power Electronics Group grew by about a quarter to annual sales of almost €70 million and Miba’s Sinter and Bearing divisions were also able to expand their business compared to the previous year.

“The growth driver in the past fiscal year was once again our clear claim that Miba technologies contribute to greater energy efficiency as an important basis for sustainability and climate protection,” stated F Peter Mitterbauer, CEO of Miba.

“11% of our sales already come from products for clean energy generation and transmission – driven strongly by our growth with technologies for wind energy, hydropower and for efficient power grids,” he continued. “For example, Miba offers a broad product portfolio for wind turbines and thus experienced unprecedented market demand last year. The same applies to our business with components for energy-efficient agricultural and construction machinery. And we are also utilising many opportunities around electrification and are growing – with our battery systems and battery technologies as well as with our broad product range for drives in electric vehicles.”

Miba aims to grow by 50% by 2027 with products for greater efficiency and sustainability along the entire energy value chain. Contributing to greater energy efficiency with Miba products in such a wide variety of end applications is at the heart of the ‘Miba 100’ growth strategy. It was presented in spring 2021 and describes how the company intends to grow by 50% by the 100th anniversary of its founding in 2027 – to annual sales of €1.5 billion.

In order to take advantage of these growth opportunities, Miba once again invested strongly in the future of the company and its employees in the past fiscal year, spending €85 million. With more than €40 million spent on research and development – which corresponds to a high R&D ratio of 4.2% – Miba placed a strong focus on its innovative strength in its usual manner. The company holds more than 400 patents; in the previous year alone, sixty-four new ones were added according to an evaluation by the Austrian Patent Office.

Miba began early to build up an extensive product portfolio for electrification – components for electric motors and electric drives, battery systems and battery components such as cooling technology, power electronics or fuse systems. Many of these products are now in series production or are about to be.

Miba has already invested €60 million in building up its eMobility business, including new production facilities for power resistors in eVehicles commissioned in Styria in the past fiscal year. In Vorchdorf, the Miba eMobility team will shortly move into a new production and office site. The battery system specialist Voltlabor, in which Miba holds a stake, is also building Austria’s technologically leading battery production plant in Bad Leonfelden in Upper Austria.

“We see great opportunities not only in the automotive industry, which is expected to grow strongly again in the medium term following the current challenges in the supply chains. Municipal and commercial vehicles, motorcycles and boats or forklifts in production are also increasingly being electrified,” concluded Mitterbauer.


In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • From powder modification to rejuvenation: Fluidised Bed Reactors in metal powder production and Additive Manufacturing
  • Retech: Enabling the atomisation of reactive and refractory alloys at substantially higher levels of productivity and lower cost
  • Sustainability in Powder Metallurgy: Highlights from the 41st Hagen Symposium
  • Innovations from Japan’s Powder Metallurgy industry: award winners highlight novel automotive and healthcare applications

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link